Rick Andrews' Market Report
Warne, NC 28909
Single-Family Homes
Your Mountain Realtor | 828-557-9139 | rick@callrickandrews.com
Warne, NC 28909
Tue Jan 14 2025
This week the median list price for Warne, NC 28909 is $438,999 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has held steady at or around 9.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has been cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $438,999 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $150 | |
| Average Days on Market | 142 | |
| Median Days on Market | 133 | |
| Price Decreased | 33% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 9 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $607,400 | 0 | 1 - 2.5 acres | 3 | 2.8 | 10 | 0 | 0 | 203 |
| $522,450 | 0 | 2.5 - 5 acres | 3 | 2.5 | 16 | 0 | 0 | 203 |
| $404,449 | 3,722 | 2.5 - 5 acres | 3 | 2.8 | 22 | 0 | 0 | 105 |
| $292,000 | 1,512 | 2.5 - 5 acres | 3 | 2 | 42 | 0 | 0 | 91 |